Managers of Wealth Offshore

BOV and GWU sign new collective agreement for bank employees

Strong focus on employee well-being

Investment Warning: SCB Cautions Public on IncomeMax Operations

The Commission hereby advises the public that IncomeMax and its agents or representatives are not registered with or licensed by the Commission.

Cayman edges closer to coveted US qualified status in reinsurance

Cayman is looking to achieve “qualified jurisdiction” status from the US National Association of Insurance Commissioners (NAIC).

Court Ruling helps clarify Creditor Rights in the Cayman Islands

The Receivers contended that Chan Ka Man’s authority was established when he executed the undated instrument as a duly authorised officer.

SCB warns of criminal liability over pyramid and Ponzi schemes

The key difference is that a Ponzi scheme can survive for a long time, especially if one or two individuals are contributing significant amounts of money

Jamaica to phase out cotton banknotes by July

Central bank says denominations between 50 and 5,000 Jamaican dollars will be affected

Irish SPVs and listed SMEs to be excluded from sustainability reporting regime under proposals to streamline CSRD

The Amending Directive remains subject to scrutiny and amendment by the Parliament and the Council

Grand Court clarifies requirements for leave to proceed with a counterclaim against a company in official liquidation

Under section 97 of the Companies Act (2023 Revision), no civil proceedings may be commenced or proceeded with against a company in official liquidation except with the leave of the Grand Court.

Cayman Grand Court orders liquidations of failed crypto companies to be subject to Court supervision on grounds of improved efficacy, expedition and economy

The Group began facing regulatory challenges around mid-2020, with the Ontario Securities Commission investigating its promotion and sale of the AXIA Coin.

Proposals to introduce age discrimination in Guernsey – key points for employers

Guernsey law already includes protection from discrimination on the grounds of sex, marriage, gender reassignment, maternity and adoption leave, race, disability, carer status, sexual orientation, and religion or belief.

The Guernsey anti-money laundering regime through the lens of human rights caselaw

Failure to bring a successful private law action could result in the assets being informally frozen for years or even decades.

Age will matter - in time. Guernsey's next step in anti-discrimination law - DELAYED!

The Ordinance came into effect on 1 October 2023 and was always intended to be developed over a three phased process.

Cryptocurrency exchange hit with €1 million fine by FIAU

Regulator commends OKCoin for 'proactive approach' in remedying issues

Police warn against unlicensed money exchange dealers

The police also warned of a growing number of scams involving hacked Viber accounts, where fraudsters pose as the account holder to extort money from friends and family.

Saint Kitts and Nevis Strengthens Ties with Africa Through Landmark MOU with Warri Kingdom

“The signing of this MOU is a testament to our unwavering commitment to fostering development, cultural exchange, and business opportunities between our nations,” said Minister Duggins.

Striking differences in maze of banking fees

Smaller fees from Bank of Nova Scotia ($493) and First Global Bank ($190) contrast sharply with institutions like Citibank and CIBC Caribbean, which spare customers entirely from such charges.

Striking differences in maze of banking fees

Smaller fees from Bank of Nova Scotia ($493) and First Global Bank ($190) contrast sharply with institutions like Citibank and CIBC Caribbean, which spare customers entirely from such charges.

Ten things every VASP should know about the BVI Virtual Assets Service Providers Act, 2022

The VASP Act defines a “VASP” as a virtual asset service provider who provides, as a business, a virtual assets service and is registered to conduct one or more of the following activities

Regulatory Clarity: Bermuda’s Approach to Long-term Block Reinsurance

With Bermuda’s role as a global hub for insurance and reinsurance, these rules enhance market stability and regulatory oversight

Phase Two of virtual asset services framework in effect

The Virtual Asset Service Providers (VASP) regime has been commenced in phases, to bring into effect global regulatory standards and prudential measures

Regulation, Risk & Compliance